Group cash flow statements

For the years ended 30 June 2010

SA rand				US dollar
2009	2010	Figures in million	Note	2010	2009
		Cash flow from operating activities
2 813	1 611	Cash generated by operations	31	214	319
455	184	Interest received		25	51
2	3	Dividends received		–	–
(280)	(90)	Interest paid		(12)	(31)
(704)	(125)	Income and mining taxes paid		(17)	(85)
2 286	1 583	Cash generated by operating activities		210	254
		Cash flow from investing activities
–	(5)	Increase in amounts invested in environmental trusts		(1)	–
(83)	15	Decrease/(increase) in restricted cash		2	(9)
–	24	Proceeds on disposal of Big Bell operation		3	–
–	(280)	Acquisition of Steyn 2 & Target 3	31	(36)	–
1 839	–	Proceeds on disposals of Papua New Guinea joint venture	31	–	235
		Proceeds on disposals of Randfontein
2 135	–	Cooke assets	31	–	209
–	50	Proceeds on disposal of available-for-sale financial assets		7	–
(38)	(18)	Increase in intangible assets		(2)	(4)
(41)	11	Decrease/(increase) in other non-current investments		1	(4)
55	122	Proceeds on disposal of property, plant and equipment		16	6
(3 050)	(3 335)	Additions to property, plant and equipment		(443)	(339)
817	(3 416)	Cash (utilised)/generated by investing activities		(453)	94
		Cash flow from financing activities
–	1 236	Borrowings raised		168	–
(3 738)	(391)	Borrowings paid		(57)	(427)
1 953	18	Ordinary shares issued		3	194
–	(213)	Dividends paid		(29)	–
(1 785)	650	Cash generated/(utilised) by financing activities		85	(233)
217	3	Foreign currency translation adjustments		6	85
1 535	(1 180)	Net (decrease)/increase in cash and equivalents		(152)	200
415	1 950	Cash and equivalents – beginning of period		253	53
1 950	770	Cash and equivalents – end of period		101	253

The accompanying notes are an integral part of these consolidated financial statements.

HARMONY ANNUAL REPORT 2010